The macroeconomic context drives a recovery in the cryptocurrency markets

When we talk about why cryptocurrencies are rising during this period, the answer is not solely in the price charts but in a convergence of broader factors. Confidence in risk assets is gradually returning, driven by a substantial improvement in the global macroeconomic environment.

Changes in Global Risk Perception

The most relevant element in recent days has been the stabilization of energy and geopolitical conditions. Reports of increased control over oil reserves in Latin America have significantly reduced concerns about inflation and global energy supply volatility. Although this change may seem disconnected from the crypto universe, it establishes a calmer economic pattern that historically favors more speculative assets.

When macroeconomic uncertainty decreases, market participants regain their appetite for investing in higher-risk categories. Cryptocurrencies, as alternative assets, capture a substantial portion of this renewed capital flow.

Price Dynamics in Bitcoin, Ethereum, and XRP

Market action reinforces this analysis. Bitcoin remains firmly positioned around key support levels, currently trading at $96.87K with a 1.94% increase in the last 24 hours. This behavior indicates that buyers continue to enter in an orderly manner, without panic or desperation.

Ethereum is also participating in this bullish movement, registering $3.36K with a 2.00% daily gain. However, the attentive observer will notice something interesting: while Bitcoin and Ethereum advance, XRP remains practically flat, trading at $2.12 with a slight decline of 0.18%.

This divergence is significant. Although XRP previously showed relative strength, its current performance reflects market selectivity. It is not about indiscriminate buying of all assets but a more strategic recovery where traders choose their positions with greater prudence than just a few days ago.

Signals from On-Chain Analysis

Leverage position liquidation data tell an additional story about market health. In the last 24 hours, a considerable volume of leverage has been cleared, particularly in long positions in Bitcoin and Ethereum. Although this cleaning process sounds negative, it is actually constructive. It removes excess speculation and restarts the market on a more solid foundation.

The observed volumes lack abrupt panics or cascading liquidations. Instead, they reveal an orderly deleveraging where traders are protecting profits and recalibrating their exposure with a more cautious tone than optimistic.

Bitcoin reserves across different geographies are also being monitored. Analyses suggest a redistribution of holdings that could affect supply and demand dynamics in the short term, although the concrete impact will depend on how these movements develop in the coming days.

Conclusions on the Current Movement

Why cryptocurrencies are rising is better explained as a gradual restoration of confidence rather than an out-of-control speculative phenomenon. The market is signaling that:

• The macroeconomic improvement has reduced risk aversion
• Buyers are operating with more discipline, avoiding excessive leverage
• There is selectivity in assets recovering value
• Bitcoin and Ethereum lead the recovery while other assets remain sideways

This “cautious optimism” scenario suggests a market in rebalancing. It is not the explosive movement of before, but it is also not unstable. Traders are betting on risk again, but with lessons learned about the importance of proper leverage management.